Event Management History

History of events in india

The special events industry has grown tremendously in the past two decades. According to latest study conducted by Joe Goldblatt, approved Special Events Professional (CSEP), yearly costs for special events worldwide is approximate at $500 billion. The job growth in this field is on the uptick. Globalization has additional points to this flow as these international businesses entitle on event planners to develop meetings for their staffs. These companies distinguish that only so much work can be conducted through telephonic conversation and e-mail. Eventually, the people in these big companies need to come mutually in one position and that is when the event planners role begins.
Study prove that the standard event

Event industry in India is 20-25 years old and is gaining momentum, research shows that in the early 1990’s the industry had spent around 20 crores, per annum on events. Indian event management industry is balanced to clock a 20% growth rate. It was an unorganised market in the beginning which is changing into an organised structure. As globalization set in, event management industry got a head start as multinational companies started setting up in India. The basic need to carve an event with greatest success has deliberated on the beginning of event management as a profession. And now even common family events such as marriages are entering into the lines of getting assistance from event management concerns. In earlier times what started as a means of reorganising an event the entire set of activities to make a grand event, has automatically transpired into infusing elements of attraction and glitz to make it stand out from the

It is followed by a description of the key steps in event management. The market impression section entails an understanding of the sector in India as also provides the market size and growth. An explanation of the key segments that event management concerns look to cover comes next. This gets followed by a study of the costs incurred and revenues generated by a concern in this field on a usual basis. The focus then moves towards discussing the profits model adopted by majority of the players in this segment

INDIAN EVENT MANAGEMENT INDUSTRY
The event industry is one the fastest growing industry in India. Event industry in India is targeted to grow by 25% annually and is expected to reach $967. The event industry is expected to reach $768 million mark by 2014-15. Management fees of 17.65% service earned by its clients, the clients are also charged an additional 12.36% service tax on total billing amount.

QUALITATIVE RESEARCH

Objective / purpose • To acquire the knowledge of reasons and motivations
• To provide insights into the setting of a problem, generate ideas or hypotheses for later quantitative